Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: HOUSING PROGRAM

  total $28,279,057 · related or exempt $28,279,057

• 3 · Investment income

  total $382,037 · excluded $382,037

• 7a · Gross sales of assets other than inventory

  other assets $1,586,220

• 7b · Less cost or other basis and sales expenses

  other assets $1,058,636

• 7c · Gain or loss

  other assets $527,584

• 7d · Net gain or loss

  total $527,584 · excluded $527,584

• 11a · Other revenue: BAD DEBT EXPENSE RECOVERY

  total $259,202 · related or exempt $259,202

• 11e · Other revenue, total

  $259,202

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $740,000 · program services $740,000

• 11a · Fees: management

  total $5,674,874 · program services $5,674,874

• 11c · Fees: accounting

  total $775 · program services $775

• 11g · Fees: other

  total $64,211 · program services $64,211

• 13 · Office expenses

  total $16,264 · program services $16,264

• 14 · Information technology

  total $74,299 · program services $74,299

• 16 · Occupancy

  total $8,311,146 · program services $8,311,146

• 22 · Depreciation, depletion and amortization

  total $5,792,253 · program services $5,792,253

• 24a · Other expenses: OTHER EXPENSES

  total $138,290 · program services $138,290

• 24b · Other expenses: FIRE & SAFETY

  total $107,886 · program services $107,886

• 24c · Other expenses: BANK AND INVESTMENT FEE

  total $30,655 · program services $30,655

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $51,084,519 · end of year $54,135,351

• 4 · Accounts receivable

  beginning of year $2,241,747 · end of year $877,606

• 9 · Prepaid expenses and deferred charges

  beginning of year $439,330

• 10a · Land, buildings and equipment: cost or other basis

  $184,116,934

• 10b · Land, buildings and equipment: accumulated depreciation

  $92,339,069

• 10c · Land, buildings and equipment, net

  beginning of year $88,787,940 · end of year $91,777,865

• 15 · Other assets

  end of year $478,923

• 17 · Accounts payable and accrued expenses

  beginning of year $3,119,536 · end of year $4,433,817

• 19 · Deferred revenue

  beginning of year $436,774 · end of year $464,284

• 20 · Tax-exempt bond liabilities

  beginning of year $97,932,977 · end of year $92,810,168

• 25 · Other liabilities

  beginning of year $2,285,314 · end of year $1,823,451

• 27 · Net assets without donor restrictions

  beginning of year $38,778,935 · end of year $47,738,025

The filer's explanations (Part III)

PART I, LINE 1A

COMPENSATION UBF FACULTY-STUDENT HOUSING CORP. DOES NOT COMPENSATE ANY OFFICERS, DIRECTORS, OR KEY EMPLOYEES. CERTAIN INDIVIDUALS RECEIVED COMPENSATION FROM A RELATED ORGANIZATION AND THE PROCESS OF DETERMINING COMPENSATION IS CONDUCTED AT THE RELATED ORGANIZATION'S LEVEL, USING A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.